Microsoft President and chief legal officer Brad Smith joins CNBC's "Closing Bell" to discuss Microsoft pledge of $500 million to tackle Seattle's housing crisis. The pledge is the largest in the company’s 44-year history, and, according to the company, is one of the heftiest contributions by a private corporation to housing. The initiative comes as Microsoft and other tech giants that have driven the region’s economic boom face increasing pressure to help mitigate affordable-housing shortages. » Read More
By: Annie Nova
A number of government-funded rental assistance programs are in jeopardy as the longest shutdown in U.S. history wears on. » Read More
As extreme weather events become more frequent in places where borrowers might not have flood or fire insurance, the risk of foreclosure rises. Some now predict that the nation could face a climate-related inspired housing crisis. » Read More
Gareth Aird of the Commonwealth Bank says weakness in house prices in Australia is expected to continue, particularly in Sydney and Melbourne, but should bottom out "sometime" in 2019. » Read More
Home ownership among those in the 24-to-32 group plunged from 45 percent to 36 percent for the period in the Fed survey.
The slowdown in home sales and home price gains in most major U.S. markets is causing the opposite effect in the rental market, especially for single-family rental homes. Those rent prices increased 2.9 percent annually in November 2018.
Builder sentiment rose 2 points to 58 in January according to the National Association of Home Builders. This came after two months of sharp drops in sentiment to the lowest level in more than two years. The index stood at 72 a year ago.
That is its highest level since February and came after a 23 percent jump the previous week. Volume was just 0.5 percent lower than a year ago.
Hao Zhou of Commerzbank says support for the Chinese property market is coming from rising prices in tier 3 and tier 4 cities.
Kaven Tsang of Moody's Investors Service says the outlook for the Chinese property market is "stable," especially in the residential segment.
Asian real estate developer CapitaLand said it will acquire Ascendas-Singbridge, which would create one of the world's largest real estate investment managers.
CNBC's Diana Olick reports on private sector data from John Burns Real Estate Consulting which showed that California had the worst newly home sales numbers.
Sales of newly built homes fell 18 percent in December compared with December of 2017.
Mathan Somasundaram of Blue Ocean Equities says the outlook for retail in Australia is going to be "tough."
After a tough fourth quarter, Lennar's chairman, Stuart Miller, said December's interest rate drop spurred a surge in customer traffic through its model homes. That could bode well for the broader market in new homes.
The stalemate in Washington, one of the longest in history, is throwing a wrench into some people's plans to buy houses, according to real estate experts.
Lennar reported strong fourth-quarter earnings on Wednesday, but deferred guidance for 2019 "until the markets further define themselves."
Homebuyers returning to the market after the holidays may have been inspired by the drop in rates, but stock market volatility and the government shutdown could keep some of those mortgage applications from closing.
Chinese consumers have been the top foreign buyers in both units and dollar volume of residential housing for six years straight.
CNBC's Diana Olick reports on how the U.S.-China trade war is not impacting the Chinese consumers' investment in U.S. real estate.